This morning, Toll Brothers (NYSE:TOL) reported fiscal fourth quarter earnings of $94.9 million, or 54 cents per share, as revenue increased to $1.04 billion. Analysts had been expecting the homebuilder to earn just 43 cents per share, so investors are bidding up the stock this morning. In the report, Toll Brothers noted that signed contracts increased by 6% in the quarter, while the average price of a sold home increased to $703,000. In early trading on Tuesday, shares of Toll Brothers were higher by more than 3% so far.
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